1. Mississippi
  2. Biloxi
  3. 782 Water Street
$1,375,000

782 Water Street, Biloxi, MS 39530

  • 8 beds |
  • 7 baths |
  • 3,400 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1846
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $404/sqft
  • Property List Date Icon Listed 8 months ago

Property Description

Introducing Scherer House (Spanish House), a luxury income-producing multi-unit property offering turnkey Airbnb opportunities in the heart of Downtown Biloxi's sought-after Golf Cart District. Originally constructed in the 1700's, this historical gem has been meticulously renovated from top to bottom, blending timeless charm with modern luxury. Key Features - LUXURY MULTI-UNIT PROPERTY: Fully furnished, each unit boasts modern interiors with quartz countertops, high-end appliances, and stackable washers/dryers. MODERNIZED INFRASTRUCTURE: Updated to 2021 commercial fire and building codes, new certificate of occupancy, including new electrical, HVAC systems, roofing, flooring, and sound suppression systems in walls and floors. STATE-OF-THE-ART SECURITY: Equipped with a 360 degree HD camera system and digital locks for tenant safety and peace of mind. ARCHITECTURAL HIGHLIGHTS: Features include iron staircase, four fireplaces, code-compliant windows, and thoughtful restoration of historic details. PRIME LOCATION: Situated within walking distance of Iconic Gulf Coast restaurants like Mary Mahoney's, nightlife and entertainment at Hard Rock Casino and Beau Rivage, MGM Park for professional baseball and concerts, pristine beaches and the vibrant Ground Zero Nightclub. INVESTMENT POTENTIAL: TURNKEY INCOME: Seamless tenant flow with proven Airbnb success. EXPANSION OPPORTUNITIES: Potential to add additional units on the rear of the property for increased financial incentives. CORPORATE RENTAL POTENTIAL: Ideal for conversion to long-term corporate rentals. A UNIQUE OPPORTUNITY. With its unbeatable combination of historical significance, luxury amenities, and development potential, 782 Water Street represents an unparalleled investment opportunity. Whether you're expanding your portfolio, seeking a high-return 1031 exchange, or envisioning a corporate rental hub, the possibilities are endless. Schedule your tour today to explore this one-of-a-kind property and secure your place in Biloxi's thriving market.

Listing Status:
Active
Date Added:
November 18, 2024 at 06:00AM
Listing Office:
Blaine & Co., LLC : 228-861-5830
Listing Agent:
Matthew A Blaine : 228-861-6449
MLS ID:
4096981
  • Flooring: TileVinyl
  • A/C: Central AirElectricMulti UnitsWall Unit(s)
  • Heating: CentralElectric
  • Fireplace: Fireplace

This listing courtesy of Matthew A Blaine, Blaine & Co., LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Nichols Elementary School

590 Division St, Biloxi, MS, 39530

Grades PK-1

0.84 miles away

L

Lopez School

140 Saint John Ave, Biloxi, MS, 39530

Grades KG-12

2.38 miles away

L

Lopez School

140 Saint John Ave, Biloxi, MS, 39530

Grades KG-12

2.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.